Colliers International Georgia publishes a report of Airbnb activity in Tbilisi for 2017

According to the overview carried out by global real estate services company, the number of properties listed on Airbnb grew significantly by 70% from 5,678 in 2016 to 9,679 in 2017. The Average Daily Rate (ADR) for Tbilisi’s Airbnb amounted to USD 43.

In 2017, 50% of listings were provided by hosts with just one listing. However, 32% of listings were offered by hosts who have more than two listings on Airbnb that might indicate professional undertakings through Airbnb. The share of such hosts was 10% in 2017.

The most popular districts among guests were Mtatsminda, Saburtalo and Chughureti. These districts accounted for 78% of all Airbnb booked nights.

“We expect the number of listed properties to grow significantly in upcoming years that will increase competition in the hotel market even further.” – stated Nino Makasarashvili, Research Analyst at Colliers International Georgia.

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